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Entries Tagged as 'Currency'

Listen up! The bond markets are talking

The recent rally in U.S. Treasurys is a sign that the decline in oil prices is probably for real. Unfortunately, it’s also an indication of more economic weakness ahead.

Bond prices have rallied lately. And that’s both a good thing and bad thing.

The encouraging news is that the recent bump in bond prices and resulting dip in yields is probably a sign that the worst of the oil-fueled (pun intended) inflation fears are over.

The yield on the benchmark U.S. 10-year Treasury is now hovering near 3.8% – down from about 4.15% just a month ago.

What’s the bigger economic concern right now: the credit crunch or inflation?
Higher bond prices and lower yields are usually a sign that pricing pressures are waning since inflation eats into the value of fixed-income investments. [Read more →]

Dollar rebounds on UK weakness

The greenback recovers after British GDP shows zero growth. Bernanke comments have little impact. The dollar staged a rebound Friday, after a report on the United Kingdom’s economy showed lower-than-expected growth.

Comments by Federal Reserve Chairman Ben Bernanke that persistent problems in the financial markets threaten the nation’s economy did little to change the dollar’s upward move.

The 15-nation euro traded at $1.48, down from $1.49 late Thursday. The greenback bought ¥110.08, up from ¥108.44. [Read more →]

The hottest new business jet

Fortune’s Sue Zesiger Callaway hops a ride on the Hawker 4000, a $21 million aircraft that boasts cutting-edge avionics. Plus: Jet etiquette.
When it comes to business jets, the holy grail has long been a reasonably priced jet with enough range to zip you across the Atlantic.
(After all, what mogul wants to refuel in Greenland en route to London?) [Read more →]

July industrial output better than expected

Federal Reserve says a slight rebound in auto industry makes up for plunge in other sectors.
Industrial output rose in July at a slightly better pace than expected as a further rebound in the auto industry offset a big plunge in output at the nation’s utilities. [Read more →]